Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Binghamton, New York did compared to the state as a whole.

The Binghamton, New York MSA property value change was + 0.52% (+ 0.17% yearly).

All of the property in NY averaged + 6.85% change in value (+ 2.28% yearly).

Binghamton-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1995 2 99.82 - 0.18% - 0.72%
1995 3 100.9 + 1.08% + 4.33%
1995 4 101.9 + 0.99% + 3.96%
1996 1 100.58 - 1.30% - 5.18%
1996 2 99.45 - 1.12% - 4.49%
1996 3 96.86 - 2.60% - 10.42%
1996 4 96.54 - 0.33% - 1.32%
1997 1 97.61 + 1.11% + 4.43%
1997 2 99.27 + 1.70% + 6.80%
1997 3 99.87 + 0.60% + 2.42%
1997 4 100.52 + 0.65% + 2.60%


Lets look at Apalachin, New York, a city located in Binghamton, New York MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

If you were going to do a Apalachin, New York Refinance, or Apalachin, New York Reverse Mortgages, you could estimate your home value.

If you knew your Apalachin, New York home was worth $92,000.00 in 1995, you could multiply by + 0.52%, add the gain and see the home should be worth $92,478.40 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Binghamton-NY from 1995 to 1997:
+ 0.17%

Appreciation Comparisons

The top 5 performing MSAs from 1995 to 1997 were Bay-City-MI, Ogden-Clearfield-UT, Salt-Lake-City-UT, Battle-Creek-MI, and Portland-Vancouver-Beaverton-OR-WA .

  1. Bay-City-MI increased + 25.65% from 1995 to the end of 1997
  2. Ogden-Clearfield-UT increased + 25.40% from 1995 to the end of 1997
  3. Salt-Lake-City-UT increased + 24.43% from 1995 to the end of 1997
  4. Battle-Creek-MI increased + 24.38% from 1995 to the end of 1997
  5. Portland-Vancouver-Beaverton-OR-WA increased + 23.69% from 1995 to the end of 1997

In contrast, the worst 5 MSAs from 1995 to 1997 were Honolulu-HI, Utica-Rome-NY, Odessa-TX, Laredo-TX, and Madera-CA .

  1. Honolulu-HI decreased by - 12.82% between 1995 and 1997
  2. Utica-Rome-NY decreased by - 6.03% between 1995 and 1997
  3. Odessa-TX decreased by - 0.73% between 1995 and 1997
  4. Laredo-TX decreased by - 0.27% between 1995 and 1997
  5. Madera-CA decreased by - 0.18% between 1995 and 1997

Zip Code in MSA: 13732 - APALACHIN, NY

MSA Pop: 251106
Zip Pop: 8380
Avg Value: 88000
County: TIOGA
Elev: 817
Region: Northeast
Lat: 42.056725
Long: -76.137123